Mark Blyth, a professor and author known for his critique of austerity, claims that spending cuts are self-harm during economic downturns. Claire Jones, an analyst from the Financial Times, discusses the pivotal role of the Bank of England amidst these austerity measures. Joel Suss hosts the conversation, exploring the independence of central banks and the effectiveness of unconventional monetary policies. Together, they address the misperceptions surrounding debt and advocate for a shift towards growth-focused economic strategies.